United Capital Plc (formerly UBA Capital Plc) has posted 13 per cent increase in net earnings for the half year ended June 30, 2015. In a filing with the Nigerian Stock Exchange, the group’s profit after tax grew to N1.408 billion from N1.245 billion in the same period of last year, indicating a growth of 13.09 per cent.
Profit before tax grew by 20 per cent from N 1.50 billion in H1 2014 to N 1.79 billion in H1 2015. Its gross earnings rose to N2.750 billion, compared to N2.258 billion last year, representing a growth of 21.78 per cent. Commenting on the results, the Group Chief Executive Officer, Mrs. Oluwatoyin Sanni, said: “Our strong start in Q1 has propelled the success of our business this year. Despite several challenges in the market, United Capital has managed to exhibit sustained growth for H1. We believe this upward growth will continue through Q3 and Q4.
We look forward to continued delivery of superior service across all of our businesses for the second half of the year.” She noted that some of the key transactions in H1 that led to the company’s profitable margins include Benue State bond, where the company was the lead Issuing House and Underwriter and Fidelity Bank bond which the company also served as Issuing House and Underwriter. “Based on these results, it is evident that United Capital is well positioned to further enhance its performance as it transits to Q3.
The continued competitive returns to its shareholders have consistently improved the company’s performance across all of its strategic business units,” she said. United Capital had posted 4.5 per cent growth in net earnings during the financial year ended December 31, 2014. The group’s profit after tax grew to N1.846 billion from N1.763 billion in the same period of last year, indicating a growth of 4.5 per cent. Its gross earnings rose to N4.676 billion, compared to N4.573 billion last year, representing a growth of 2.2 per cent. In a bid to help promote and facilitate investment in the country, the company had last year unveiled an online trading platform.
The platform tagged INVESTNOW.NG is the country’s first online trading platform with real time investment account funding functionality that will enable investors fund their investment accounts directly and instantly, without the need to go through an account officer in the option of a client-company funds lodgment.
No comments:
Post a Comment